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Carnes Premium XO storefront in Mexico.
Beef Cattle, Markets, News

Market Intelligence Update from Canada Beef: Exports to Mexico up from 2020

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Despite a dip in September, demand for Canadian beef has been strong in Mexico this year.   For the first nine months of 2021, the accumulated volume of Canadian exports to Mexico was up 78.3 per cent over 2020. Chilled beef exports were up 80.8 per cent over last year, with value up 120.4 per cent to US$98.43 million. Following a […] Read more
A cornfield in Mexico’s Chihuahua state. (Undefined undefined/iStock/Getty Images)
Corn, Crops, Markets, Reuters

Mexico won’t limit GMO corn imports from U.S., ag minister says

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Ankeny, Iowa | Reuters — Mexico’s agriculture minister said the country would not limit imports of genetically modified (GMO) corn from the United States during a meeting with U.S. Agriculture Secretary Tom Vilsack in Iowa on Wednesday. Mexico published an executive order late last year that sought to ban in three years the use of […] Read more
A view near the Canadian end of the Ambassador Bridge, which connects Windsor and Detroit and is considered one of North America’s busiest trade routes. (Steven_Kriemadis/iStock/Getty Images)
General, Reuters

White House heeded pressure to reopen Canada border, U.S. lawmaker says

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Washington | Reuters — A U.S. congressman from New York said on Wednesday that political pressure had persuaded the White House to end a historic 19-month closure of its land borders with Canada and Mexico to millions of non-essential foreign visitors. Representative Brian Higgins, a Democrat representing a district along the Canadian border, said: “You […] Read more
CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybean futures extend losing streak

CBOT wheat firm, corn weak

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Chicago | Reuters — U.S. soybean futures fell for the third session in a row on Monday, sinking to their lowest in 9-1/2 months on continued pressure from a government report that showed domestic supplies were bigger than expected. Wheat firmed to its highest since mid-August on technical buying. Corn futures ended slightly lower after […] Read more
File photo of a canola crop south of Ethelton, Sask. in 2019. (Dave Bedard photo)
Canola, Crops, Markets, Reuters

Canada’s drought forces canola importers to turn elsewhere

'Importers...are going to be left out in the cold'

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Winnipeg | Reuters — Canada’s smallest canola harvest in 13 years, resulting from severe drought, is forcing importers like Japan and Mexico to pay more or scour other countries for the yellow-flowering oilseed. With the scant available Canadian canola fetching high prices, customers of the world’s biggest canola exporter are leaning more heavily on smaller-producing […] Read more
(CPR.ca)
Crops, Machinery

CP, Kansas City lock in new deal as CN steps out

More efficient flow of grain, perishables, machinery parts touted

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Canadian Pacific Railway and U.S. railway Kansas City Southern on Wednesday again formalized their engagement after competing suitor Canadian National Railway walked away from the table. CP and KCS, which reported “unanimous” support from both companies’ boards, have entered a merger agreement committing CP to pay about $31 billion in cash and stock, or about […] Read more
A Kansas City Southern (KCS) rail car at Toluca, Mexico on Oct. 1, 2018. (File photo: Reuters)/Edgard Garrido)
Crops

U.S. railway’s board sticks with CN’s bid

Kansas City Southern board spurns sweetened CP bid

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The board of directors for a U.S. railway facing takeover bids from each of Canada’s big two railways is sticking with Canadian National Railway’s (CN) proposal. The board for Kansas City Southern (KCS), in a release Aug. 12, said it unanimously agrees an upgraded Aug. 10 cash-and-stock bid from Canadian Pacific Railway (CP) “does not […] Read more
(Dave Bedard photo)
Crops, Reuters

Mexican judge rejects industry bid to halt GMO corn, glyphosate ban

Farm council warns of lost productivity

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Mexico City | Reuters — A Mexican federal judge ruled against a request by the National Farm Council to freeze a government plan to ban genetically modified (GMO) corn and the widely used herbicide glyphosate by 2024, the national science council said on Monday. Judge Martin Adolfo Santos Perez’s ruling allows the executive order issued […] Read more

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